Karooooo Ltd expected to post earnings of R6.55 a share - Earnings Preview

Karooooo

15/07/2024 22:06

* Karooooo Ltd  KARO.OQ   KARO.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 17
(estimated) for the period ending May 31 2024
    * The  Singapore-based   company is expected to report a
6.8% increase in revenue to $1.064 billion from $996.79 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Karooooo Ltd is for
earnings
of R6.55 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Karooooo
Ltd is
$35.00​, above​ its last closing price of $32.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   6.29        6.29       6.81      Beat    8.3
 Nov. 30 0001  5.60        5.47       6.34      Beat    16
 Jan. 1 0001   5.30        5.28       5.61      Beat    6.3​
 May. 31 2023  5.43        5.44       5.09      Missed  -6.4
 ​​Feb.        4.68        4.68       4.70      Beat    0.4
 28 2023                                                
 Nov. 30 2022  5.20        5.08       4.70      Missed  -7.5​
 Jan. 1 0001   4.86        4.83       4.93      Beat    2.1
 Jan. 1 0001   4.30        4.31       4.96      Beat    15
 This summary was machine generated July 15 at 21:06 GMT.  All
figures in rand unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)